| Issuer: | Swift Energy Company | |
| Guarantor: | Swift Energy Operating, LLC | |
| Security Description: | Senior Notes | |
| Distribution: | SEC Registered | |
| Face: | $250,000,000 | |
| Gross Proceeds: | $250,000,000 | |
| Coupon: | 7.125% | |
| Maturity: | June 1, 2017 | |
| Offering Price: | 100.000% | |
| Yield to Maturity: | 7.125% | |
| Spread to Treasury: | +237 basis points | |
| Benchmark: | UST 4.5% due 5/15/2017 | |
| Ratings: | B1/BB- | |
| Interest Pay Dates: | June 1 and December 1 | |
| Beginning: | December 1, 2007 | |
| Equity Clawback: | Up to 35% at 107.125% | |
| Until: | June 1, 2010 | |
| Optional redemption: | Makewhole call @ T+50bps prior to June 1, 2012, then: |
| On or after: | Price: | |||
| June 1, 2012 | 103.563 | % | ||
| June 1, 2013 | 102.375 | % | ||
| June 1, 2014 | 101.188 | % | ||
| June 1, 2015 and thereafter | 100.000 | % | ||
Change of control: | Put @ 101% of principal plus accrued interest | |
Trade Date: | May 17, 2007 | |
Settlement Date: (T+10) | June 1, 2007 | |
CUSIP: | 870738AF8 | |
ISIN: | US870738AF81 | |
Denominations: | 2,000x1,000 | |
Bookrunners: | JPMorgan | |
| Credit Suisse | ||
Co-Managers: | Jefferies & Company | |
| UBS Investment Bank | ||
| Natexis Bleichroeder Inc. | ||
| BNP PARIBAS | ||
| Calyon Securities (USA) | ||
| Comerica Securities | ||
| SOCIETE GENERALE | ||
| Wells Fargo Securities |
